German PPI increased by 0.5%

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Tuesday, Feb 20 2018

German PPI increased by 0.5%

In January 2018 the index of producer prices for industrial products rose by 2.1 compared with the corresponding month of the preceding year. In December 2017 the annual rate of change all over had been 2.3%, as reported by the Federal Statistical Office. Compared with the preceding month December 2017 the overall index rose by 0.5% in January 2018 (+0.2% in December 2017 and 0.1% in November 2017). In January 2018 the price indices of all main industrial groups increased compared with January 2017: Prices of intermediate rose goods by 3.1%.

Energy prices were up 2.2%, though the development of prices of the different energy carriers diverged. Prices of petroleum products increased by 2.3% and prices of electricity by 4.9%, whereas prices of natural gas (distribution) decreased by 0.6%. Prices of non-durable consumer goods rose by 1.5%. Prices of durable consumer goods increased by 1.5% whereas prices of capital goods increased by 1.2%. The overall index disregarding energy was 2.1% up on January 2017 and 0.6% compared with December 2017.

More in this category: « RBA does not indicate change in monetary policy ZEW Economic Sentiment for Germany decreased to 17.8 »

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